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Dec 30, 2012
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unemployment insurance for people and the alternative tax let that be brought over to the house and let's vote on it. that is i think the best way to break the stalemate to test whether there is flexibility. i think the president has been very much engaged. i think he has tried to reach out. it is hard to reach out if on the other side there really is a very, very hard edge. it is difficult. >> democratic congressman, thank you very much. >> thank you. >>> with these new developments how likely is it that senators mcconnell and reid will have a deal to vote on. let's bring in the author of "the escape artists."
unemployment insurance for people and the alternative tax let that be brought over to the house and let's vote on it. that is i think the best way to break the stalemate to test whether there is flexibility. i think the president has been very much engaged. i think he has tried to reach out. it is hard to reach out if on the other side there really is a very, very hard edge. it is difficult. >> democratic congressman, thank you very much. >> thank you. >>> with these new...
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Dec 30, 2012
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the second big issue, the same thing for a coalition is tax reform. >> but the question tom raises when we're talking about guns, there's a larger approach. does he have more of an opportunity on gun control if there's a big mental health aspect to it, if there's more to it, tom? >> well, that's what i think. i think it has to be holistic. the fact of the matter is i'm not an assault weapon fan of any kind, but i know people who go out to the target ranges and feel strongly that they have a second amendment right to fire them off as many times as they want to with 30-round magazines in them. so sportsmen, people who have weapons for hunting deer or big game or birds as i do and other people, have to become part of this debate as well, and say, look, there have got to be limits of some kind. i have even talked to people who are gun owners saying, why couldn't you have a club where they actually own the assault weapons, and if you want to shoot it for target practice, you have to go to the licensed club, get the gun, shoot it and check it back in. >> that's all the more reason why he has
the second big issue, the same thing for a coalition is tax reform. >> but the question tom raises when we're talking about guns, there's a larger approach. does he have more of an opportunity on gun control if there's a big mental health aspect to it, if there's more to it, tom? >> well, that's what i think. i think it has to be holistic. the fact of the matter is i'm not an assault weapon fan of any kind, but i know people who go out to the target ranges and feel strongly that...
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Dec 28, 2012
12/12
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KPIX
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stock futures headed south as the white house stages that last-ditch effort on taxes and spending. erica ferrari of
stock futures headed south as the white house stages that last-ditch effort on taxes and spending. erica ferrari of
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Dec 29, 2012
12/12
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FOXNEWSW
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a lot of taxes associated with obamacare. you mentioned the medical device issue, a lot of these companies, by the way, medical device companies have been laying off workers right now. and that is, if this impacts, by the way, everyone, takes away from research and development, which will take away from life saving innovation and it's just, again, the very tip of the iceberg. ultimately, there's going to be a whole lot of taxes that just opens the gate for. this is just the beginning. >> ben, even if you look at action taken by the medical device makers, there's already damage that's been done by the tax increases built into this health care law, has it got? >> well, the damage is built in, but on the other hand good built into, too. there are people who are very
a lot of taxes associated with obamacare. you mentioned the medical device issue, a lot of these companies, by the way, medical device companies have been laying off workers right now. and that is, if this impacts, by the way, everyone, takes away from research and development, which will take away from life saving innovation and it's just, again, the very tip of the iceberg. ultimately, there's going to be a whole lot of taxes that just opens the gate for. this is just the beginning. >>...
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Dec 28, 2012
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CNBC
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home.
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home.
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Dec 24, 2012
12/12
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CNBC
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what is the best case scenario in terms of the tax-exempt status for municipal bonds? >> i think it's a virtual certainty you'll get some type of tax change from congress. the question is, what kind of changes are they going to make. that has the market concerned to the extreme. you've got to have some kind of certainty in terms of the tax regime in order to have a functioning, efficient marketplace. >> sure. go ahead. >> at the moment, the theory is that the most likely change is going to be the one that emanates from the president's 2013 budget document, which would place a 28% cap on deductions and exclusions, which would include, of course, municipal bonds, taxes and interest.
what is the best case scenario in terms of the tax-exempt status for municipal bonds? >> i think it's a virtual certainty you'll get some type of tax change from congress. the question is, what kind of changes are they going to make. that has the market concerned to the extreme. you've got to have some kind of certainty in terms of the tax regime in order to have a functioning, efficient marketplace. >> sure. go ahead. >> at the moment, the theory is that the most likely...
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the daily reckonings eric brian and joe bowman about their choices plus a german study finds paying taxes has a positive impact on a person's subjective well being no word on what the findings would bring in the west but if you are counting on taxation to make you feel like your quality of life is on the up and up state side we'll talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple syrup cartel yes cartel i said maple syrup cartel and those are not my words that's according to the new york times we'll talk about it in loose change let's get to today's capital account.
the daily reckonings eric brian and joe bowman about their choices plus a german study finds paying taxes has a positive impact on a person's subjective well being no word on what the findings would bring in the west but if you are counting on taxation to make you feel like your quality of life is on the up and up state side we'll talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple...
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Dec 28, 2012
12/12
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FBC
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whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than
whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than
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Dec 30, 2012
12/12
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california passed a massive tax increase, and i think more so than any other time in our lifetime, paul, you will see a very divergent path taken by states like california that are very liberal, and some of the states in the south that will promote tax cuts, reductions in pension class, and i think it will be a real experimente to see which models work. >> do you predict california will not get down from the jobless rate and will see an out flow of capital? the state still has tremendous resources in agriculture and high-tech obviously and the hollywood area. are you over doing some of the pessimism here about california? >> no, i do not think -- i think it is hard to see any optimistic forecast for california. everywhere i go, and as you know i go all over the country, i can't tell you how many times i run into
california passed a massive tax increase, and i think more so than any other time in our lifetime, paul, you will see a very divergent path taken by states like california that are very liberal, and some of the states in the south that will promote tax cuts, reductions in pension class, and i think it will be a real experimente to see which models work. >> do you predict california will not get down from the jobless rate and will see an out flow of capital? the state still has tremendous...
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Dec 30, 2012
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and as for the tax withholding, the higher tax rates for people through the income tax code, treasury could put off delaying -- taking more money out of people's paycheck bus they are not inclined to do so unless a deal is imminent on capitol hill. >> the markets were unsettled last week with all the indecision in washington. what are we looking at on wednesday when wall street opens again, if we have no fiscal cliff deal? >> i talked to independent economist, mark zandi, he said if there is no deal on wednesday, expect a slow bleed in financial markets, maybe 50 to 100 points lost on the dow per day for a couple of weeks, if in mid-january it becomes clear that even going over the cliff hasn't made a deal more likely, expect a huge selloff, perhaps 800 points rivalling what happened when the first t.a.r.p. bill went down in the fall of 2008 during the financial crisis, kate. >> john harwood, thanks so much. and there will be much more on all of this tonight on a live special report on cnbc. it's titled "america's economy held hostage," that's at 8:00 eastern time. >>> overseas, this
and as for the tax withholding, the higher tax rates for people through the income tax code, treasury could put off delaying -- taking more money out of people's paycheck bus they are not inclined to do so unless a deal is imminent on capitol hill. >> the markets were unsettled last week with all the indecision in washington. what are we looking at on wednesday when wall street opens again, if we have no fiscal cliff deal? >> i talked to independent economist, mark zandi, he said if...
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Dec 31, 2012
12/12
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if they no taxes are going down, they will figure things. if they now taxes are staying the same, they will figure it out. right now it they are frozen -- they do not know. families are also in many ways frozen. they do not know whether they have to budget so that they will have $2,000 less next year. they do not know whether it will be $4,000. they do not now. the uncertainty is the fault of leaders who cannot get together. i think it is critical that we get a deal. i hope in the next couple of hours. to me -- somebody asked me, what is the difference if you get it now or five days from now? i say the difference is the uncertainty, this pall, an unnecessary and escalating crisis -- then you say, we do not have to do it now. we do it on the fourth. get it done. america wants us to get it done. the president has shown he is willing to be flexible. he has come out with some ideas i have had to except. he is willing. i know personally how strongly he feels that $250,000 should be where we draw the line in terms of tax breaks, but he was willing
if they no taxes are going down, they will figure things. if they now taxes are staying the same, they will figure it out. right now it they are frozen -- they do not know. families are also in many ways frozen. they do not know whether they have to budget so that they will have $2,000 less next year. they do not know whether it will be $4,000. they do not now. the uncertainty is the fault of leaders who cannot get together. i think it is critical that we get a deal. i hope in the next couple...
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Dec 30, 2012
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if it doesn't every body income tax also go up. average family would pay an extra $3446 more in 2013. and farm programs would expire. potentially doubling the price of milk. and if congress doesn't pass a new bill. >> we will come back with a new congress in january 4th and the first bill that will be introduced will be class families. >> reporter: the bargaining continues tonight. abc news, new york. >> for more on the fiscal cliff we have you covered. go to abc2news.com. head to the home page slide show for breakdown of what difference scenarios in -- difficulty scenarios in washington -differ scenarios in washingtoncould different scenarios could mean in washington. >>> look at the flames shooting from this house. investigators say a 4-year-old saw the fire and told his grandmother because his parents were not home. man inside tried to put it out- - -- a man inside tried to put piet out but the flames were too intense. no one was injured but the fire caused more than $100,000 worth of damage to the house. >>> a 33-year-old man w
if it doesn't every body income tax also go up. average family would pay an extra $3446 more in 2013. and farm programs would expire. potentially doubling the price of milk. and if congress doesn't pass a new bill. >> we will come back with a new congress in january 4th and the first bill that will be introduced will be class families. >> reporter: the bargaining continues tonight. abc news, new york. >> for more on the fiscal cliff we have you covered. go to abc2news.com....
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Dec 30, 2012
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hike. >> what i am arguing for is maintaining tax cuts for 90% of americans. i did not think anybody would consider that and liberal, left- wing agenda. >> republicans say their agenda, not stifling an already fragile economy with tax hikes on those who are behind small business. >> the higher you set that level, the less small business you will get. >> what had been high hopes had turned sour, with senate leaders said today that talks are now at a standstill. >> the issue is the balance between the cuts and revenue. what we call for is balance. republicans in the house have refused even one penny so far from people earning more than $1 million. >> that is the problem that we have been hearing. republicans floated out a proposal to change the way social security payments are considered. analysts say you'll notice it on your paycheck as early as the end of january. the pentagon prepared to offer low potentially hundred thousand workers. -- furlough potentially 800,000 workers. >> it is been years since the redskins have had a game as important as tonight. >> th
hike. >> what i am arguing for is maintaining tax cuts for 90% of americans. i did not think anybody would consider that and liberal, left- wing agenda. >> republicans say their agenda, not stifling an already fragile economy with tax hikes on those who are behind small business. >> the higher you set that level, the less small business you will get. >> what had been high hopes had turned sour, with senate leaders said today that talks are now at a standstill. >>...
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Dec 30, 2012
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they get $120 billion tax break. and people come forward and say we're very serious about deficit reduction. third area that we have to look at, the president wanted, as you recall a few weeks ago, $1.6 trillion in new revenue. we're now down to, as i understand it, about $600 billion. a significant reduction. if you don't have new revenue coming in from the wealthiest people, it will mean, as we go down the pike -- >> there are so many issues like, this that are -- have been originally talked about. but when push comes to shove, and it comes up to the absolute deadline and everybody is hopefully still talking tomorrow, how narrow could this deal be to get it done? >> how what? >> how narrow could this deal be? could it be just about whose taxes expire and whose don't? >> as i think some of your commentators made, people have to understand the world does not collapse in terms of the so-called deficit cliff, which many of us see as a slope. it doesn't collapse on january 1. not everybody's taxes are going up. you have
they get $120 billion tax break. and people come forward and say we're very serious about deficit reduction. third area that we have to look at, the president wanted, as you recall a few weeks ago, $1.6 trillion in new revenue. we're now down to, as i understand it, about $600 billion. a significant reduction. if you don't have new revenue coming in from the wealthiest people, it will mean, as we go down the pike -- >> there are so many issues like, this that are -- have been originally...
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Dec 30, 2012
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it's a tax on the value of the equipment or the land that has already been taxed with a property tax or a tax on the equipment. so there is a reason to have some accommodation in the death tax so that we will not face more unemployed people who work for a family-owned business or farm, and that is a -- it is if not the number-one issue of the farm bureau of this country, it's certainly in the top two or three because they know, they know what it's like to have to sell land that is not productive at a value that is not realistic and pay a tax, and a 55% tax is pretty confiscatory. so, mr. president, i do hope that we can come together on a bipartisan basis because if we don't come together on a bipartisan basis, nothing will get done because we have the house that is looking to the united states senate, that is supposed to be the adult in the room, and they are looking at us to see how the votes turn out. and we need a large majority on both sides of the aisle to accepted to the house something that has a firm stamp of approval from this body. and we need the president to be a player
it's a tax on the value of the equipment or the land that has already been taxed with a property tax or a tax on the equipment. so there is a reason to have some accommodation in the death tax so that we will not face more unemployed people who work for a family-owned business or farm, and that is a -- it is if not the number-one issue of the farm bureau of this country, it's certainly in the top two or three because they know, they know what it's like to have to sell land that is not...
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Dec 30, 2012
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what are those tax increases? bush tax cuts expire at midnight tomorrow night and you'll wake up the next morning and face a higher tax rate unless congress acts. there's also a possibility of a $108 billion in spending cuts. this is largely the defense department as we talked about and also money that ends up in people's pockets. there's an economic impact. >> i misspoke, i said tuesday at midnight. tomorrow at midnight. >> yes, december 31. >> the money is personal for people. you start to talk about budging a household. for the average family? >> 3500 bucks is the income tax hit. >> above what they're paying. >> and additional 3500 for median income. that goes up dramatically the wealthier you are. tens of thousands of dollars more. you could on the hook for a real hit. >> the argument is the wealthy won't feel it but they won't spend it either. >> that's the point. a lot of those people paying higher taxes own small businesses and will opt not to hire and it will ripple through the economy. >> it hurts when i
what are those tax increases? bush tax cuts expire at midnight tomorrow night and you'll wake up the next morning and face a higher tax rate unless congress acts. there's also a possibility of a $108 billion in spending cuts. this is largely the defense department as we talked about and also money that ends up in people's pockets. there's an economic impact. >> i misspoke, i said tuesday at midnight. tomorrow at midnight. >> yes, december 31. >> the money is personal for...
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Dec 30, 2012
12/12
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FBC
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of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitchforks? >> it's happening now. they don't call it class warfare. that is what is going on over there. again, there is no air spring. there's nothing about a pro-democracy ment. r tofew had much too much and way too many head was too little. the people in the street that one piece of the pipe command it's going on around the world. and for some reason people are oblivious to it. look in this country, college graduates, the income is declining eight or 0% since the recession. you can't find a job. 3 percent of them have jobs paying high-school wages. so you're right. it's not getting better, and again, we have the incompence in wasington making things worse. tom: but the numbers, you look at the numbers and you see those numbers, they are inching up a little bit. we are getting a little bit of growth. we have a little better ventilation. we have a little bit of a
of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitchforks? >> it's happening now. they don't call it class warfare. that is what is going on over there. again, there is no air spring. there's nothing about a pro-democracy ment. r tofew had much too much and way too many head was too little. the people in the street that one piece of the pipe command it's going on around the world....
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Dec 30, 2012
12/12
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CNNW
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the tax policy center has a tax calculator. so it allows you to estimate how your family could be affected. josh levs is here in atlanta breaking down the different scenarios. the only thing you can't say is i'm going to start a drinking game. don't say kick the can down the road. jifs not going to use that phrase. i have been covering this at cnn.com and doing everything i can to avoid saying things like that. the figure a lot of people know if you know any figure is $2,000 because president obama says it a lot. the average family will end up spending $2,000 more if the fiscal cliff is not averted. let me show you something. you can find out how it would impact you directly by using this. there's a lot of numbers you have to plug in to make sense of it. obviously it can't be exact, it can't be precise, it can't predict the future, but i want to show you some examples we have pulled out. let's go to the graphic here that has a few of the examples we're showing you here. it would take, for example, this scenario, married with no
the tax policy center has a tax calculator. so it allows you to estimate how your family could be affected. josh levs is here in atlanta breaking down the different scenarios. the only thing you can't say is i'm going to start a drinking game. don't say kick the can down the road. jifs not going to use that phrase. i have been covering this at cnn.com and doing everything i can to avoid saying things like that. the figure a lot of people know if you know any figure is $2,000 because president...
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Dec 30, 2012
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WBAL
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the federal income taxes will go up. if lawmakers to come to an agreement, they are likely to leave it that way. sarah sampson, wbal-tv 11 news. >> the ravens game was kind of like the iowa caucus of the regular season. everybody gets to participate. it does not matter if you lose. you learn in the process. >> neither team could improve their playoff position. cincinnati chose to place starters for much of the game. the ravens nearly won the game in cincinnati. in the first quarter, anthony allen, a first touchdown of his career. we saw a bunch of taylor today. he is swift with the feet. the ravens have the 14-13 lead. now trailing 16-14. taylor does not have much height. dunlop has plenty. that would be the play of the game. the ravens fall 23-17. the ravens will host a playoff game this coming weekend. we know it will be the colts' coming to town. we just do not know when. more coming up in sports. >> now we want to get a first look at the forecast. >> it was windy and cold today. things are settling down. the wind wil
the federal income taxes will go up. if lawmakers to come to an agreement, they are likely to leave it that way. sarah sampson, wbal-tv 11 news. >> the ravens game was kind of like the iowa caucus of the regular season. everybody gets to participate. it does not matter if you lose. you learn in the process. >> neither team could improve their playoff position. cincinnati chose to place starters for much of the game. the ravens nearly won the game in cincinnati. in the first quarter,...
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Dec 30, 2012
12/12
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WMAR
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and if no agreement, taxes will go up for all americans. in fact, the average american family would see a tax increase of more than $3400. as congress convened, even the senate chaplain praying to avoid what the president called self-inflicted wounds. let's bring in jon carl. the source has told you the vice president has been called in on this. >> reporter: that's right. i'm told the vice president is now playing a direct role in these negotiations, trying to get to a deal, a last-minute deal, a key player in the final hours. president obama set off the high-stakes weekend scramble friday night imemployering congressional leaders to take action immediately. >> the american people are not going to have any patience fora i politically self-inflicted wound to our economy. >> reporter: with that harry reid and mitch mcconnell launched a latch-dimp effort to craft a bipt plan to that stop the tax hike going into effect on new year's day. they negotiated all day saturday. saturday night there was an offer. by this morning, a clear sense of optim
and if no agreement, taxes will go up for all americans. in fact, the average american family would see a tax increase of more than $3400. as congress convened, even the senate chaplain praying to avoid what the president called self-inflicted wounds. let's bring in jon carl. the source has told you the vice president has been called in on this. >> reporter: that's right. i'm told the vice president is now playing a direct role in these negotiations, trying to get to a deal, a last-minute...
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states believed to be involved in the case of ciggy magness ski a russian lawyer who was charged with tax evasion put in preliminary confinement and then died while in custody now so game against his family friends and several few unwise organizations believe the charges against him these two were trumped up and that he died in custody from. these two acts are seen as the latest developments in the ongoing tit for tat diplomatic battle which seems to be going on despite the a reset button pushed several years ago russian studies and history professor steven cohen from new york and princeton university says he's never been under any illusion about russian u.s. relations. there's an old russian saying we're friends are also deeds a lot of people in moscow and in washington when they pass the magnitsky act and now the ban on adoption in moscow may have thought they were just talking showing off playing grandstanding politically as we say in america but these words have consequences they have bet they fuel all this new cold war atmosphere which is enveloping the relationship between our two c
states believed to be involved in the case of ciggy magness ski a russian lawyer who was charged with tax evasion put in preliminary confinement and then died while in custody now so game against his family friends and several few unwise organizations believe the charges against him these two were trumped up and that he died in custody from. these two acts are seen as the latest developments in the ongoing tit for tat diplomatic battle which seems to be going on despite the a reset button...
SFGTV: San Francisco Government Television
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Dec 30, 2012
12/12
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SFGTV
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around reforms year ago and conducted many meetings and trying to reform the jeopardia and the biz tax that we reformed just this last november and i remember having conversation with you about that before i joined this board in the small business commission and thank you for putting that idea in my head. i know that you have had tremendous service in sacrament toe and i hope and believe that you will continue to public service in years to come and hope to work pa with you in that capacity and i want to thank you on my behalf. >> thank you very much we are so happen to be here to acknowledge all of the work that you have done and i have to say in our own distribution, fee i don't evenna served [spelling?] served distribution four and you set the bar so high and i can remember now people running into me and calling me fee i don't evenna and so the impression that you have left in the district and service is tremendous and i am to thank you for all of the work that you have done on behalf of san francisco and what supervisor kim mentioned is truly commendable i think a lot of people who
around reforms year ago and conducted many meetings and trying to reform the jeopardia and the biz tax that we reformed just this last november and i remember having conversation with you about that before i joined this board in the small business commission and thank you for putting that idea in my head. i know that you have had tremendous service in sacrament toe and i hope and believe that you will continue to public service in years to come and hope to work pa with you in that capacity and...
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Dec 30, 2012
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soften the landing because at the bottom of the fiscal cliff, our our -- are immediate and massive tax increases, deep and indiscriminate spending cuts and the risk of another recession. so as we come down on the final hours, we have two choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do something, so today i'm introducing the calm act which stands for the cliff alleviation at the last minute act. the calm act will do three important things. it will soften the financial blow of the fiscal cliff. it will calm our financial markets. it gives us the certainty of a plan now but allows us if we ever find the courage to pursue the fiscal grand bargain that has eluded us so far. make no mistake, the financial markets are watching us, and they're getting more nervous by
soften the landing because at the bottom of the fiscal cliff, our our -- are immediate and massive tax increases, deep and indiscriminate spending cuts and the risk of another recession. so as we come down on the final hours, we have two choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do something, so today i'm...
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Dec 30, 2012
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cut, increases in other taxes on families like the alternative minimum tax and the expiration of the payroll tax holiday, there's this to think of, for 2 million unemployed worker, the loss of unemployment benefits. we have asked experts to join us for a fiscal cliff roundtable discussion, if you will. ron brownstein is a senior -- cnn senior political analyst and editorial director of the national journal and stephen moore, senior economics writer at the "wall street journal" and is in washington, d.c. first up, ron, will, do you think, these politicians reach a deal or not and why or why not? >> the fiscal cliff was yeelted as a doomsday machine to try to give them more will power to do what they can't do on their own, to reach a deal. the reason all of this was here, incentive to reach a deal, some of your guests pointed out during the day, a lot can go wrong when you leave is it to this late, a little little surprising to me republicans don't feel urgency, talk about this in a minute, maybe, the wolf on the other side of the cliff, difficult for both sides, the country is worse f
cut, increases in other taxes on families like the alternative minimum tax and the expiration of the payroll tax holiday, there's this to think of, for 2 million unemployed worker, the loss of unemployment benefits. we have asked experts to join us for a fiscal cliff roundtable discussion, if you will. ron brownstein is a senior -- cnn senior political analyst and editorial director of the national journal and stephen moore, senior economics writer at the "wall street journal" and is...
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that we're talking about, whether it's something called the alternative minimum tax or the estate tax or extending the current bush-era income tax cuts, all of them cost money. all of them mean we have less revenue to support the operations of government, so if going forward we're going to reach a balance, where we both cut spending and raise revenue, we have to achieve the right balance of those, so if there are folks in the other party, the republican party, who feel strongly that we should not allow income tax breaks of the last decade to continue, that's fine. i think they simply need to be willing to balance that with some of the democratic priorities like extending unemployment insurance benefits for nearly 2 million unemployed americans who will lose them tomorrow. >> thank you senator chris coons for joining us. >> thank you. >> coming up, former president george h.w. bush is out of icu, and the how the oak ridge boys may have helped lift his spirits. >>> and with less than 30 hours to go before the fiscal cliff, we're watching capitol hill for any kinds of a deal today. you'r
that we're talking about, whether it's something called the alternative minimum tax or the estate tax or extending the current bush-era income tax cuts, all of them cost money. all of them mean we have less revenue to support the operations of government, so if going forward we're going to reach a balance, where we both cut spending and raise revenue, we have to achieve the right balance of those, so if there are folks in the other party, the republican party, who feel strongly that we should...
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rig decisions after the great depression that we were going to flatten income inequality and raise taxes and build a vast middle class. we put a lot of money into a public sector that did several things at once. it provided services whether it was public education, teaching children, so welfare services, it is like a dirty word, completely wrong nowadays to have public sector jobs and to think of society and the things we need to do with each other as a good side benefit, not a side benefit the good side benefit would be we created jobs. a lot of the white middle class was built on government work and extending new government jobs. too many white people don't see they had any help or that held that god didn't go to african-americans and latinoss. we had a cultural and political divide where people have different versions of history and what happened and it makes it very hard for us to talk about this. the other meaning of hanna rosin "what's the matter with white people," hanna rosin gets to the best, a republican critique comes out in mitt romney's 47% comments and his notion that obama
rig decisions after the great depression that we were going to flatten income inequality and raise taxes and build a vast middle class. we put a lot of money into a public sector that did several things at once. it provided services whether it was public education, teaching children, so welfare services, it is like a dirty word, completely wrong nowadays to have public sector jobs and to think of society and the things we need to do with each other as a good side benefit, not a side benefit the...
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we are talking about every american's tax rates who pays taxes, talking about the extension of unemployment, the estate tax this has more elements in it than most things do i think at the end of the day, you know, in the senate now, i think the senate will come to some sort of arrangement, they will push it over here and then i think the house will be the decisive arena, a lot will depend, obviously, on what the senate agrees to >> isn't that the question what will happen in the house? i don't think we have a concern, maybe i shouldn't stay quite that way, the house seems to be the clear focus on whether or not republicans can muster the votes needed. what is going to happen? >> a lot depends on the nature of the agree weren't, remember on the speakers a plan b, he had over 200 republican votes are, it is not as if he doesn't have an awfully strong hand to play. if it's a deal that john boehner can accept, then frankly, i think it will be passed in a bipartisan manner with a very strong majority. if, on the other hand, he is either neutral or not favorable, then his chances are going to be
we are talking about every american's tax rates who pays taxes, talking about the extension of unemployment, the estate tax this has more elements in it than most things do i think at the end of the day, you know, in the senate now, i think the senate will come to some sort of arrangement, they will push it over here and then i think the house will be the decisive arena, a lot will depend, obviously, on what the senate agrees to >> isn't that the question what will happen in the house? i...
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that is tax cut over 250, it's a tax increase. senator mcconnell may be trying to move that to $400,000. >> arthel: and then the notion of lowering social security payments is definitely off the table in terms of democrats' side? >> it's clear from senator reid said, they are not going to touch social security. but the president has made clear in discussions with speaker boehner, these entitlement programs will be on the table but only if it's a broader debt deal. republicans have different ideas. they want to see more cuts in spending right now. >> arthel: thank you very much. >> gregg: congress is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that woul
that is tax cut over 250, it's a tax increase. senator mcconnell may be trying to move that to $400,000. >> arthel: and then the notion of lowering social security payments is definitely off the table in terms of democrats' side? >> it's clear from senator reid said, they are not going to touch social security. but the president has made clear in discussions with speaker boehner, these entitlement programs will be on the table but only if it's a broader debt deal. republicans have...
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in which case middle class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate, and republicans will have to decide if they are going to block it, which will mean that middle class taxes do go up. i don't think they would want to do that politically, but they may end up doing it. and if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do go up on january 1st, then we'll come back with a new congress on january 4th, and the first bill that will be introduced on the floor will be to cut taxes on middle class families. and, you know, i don't think the average person is going to say, gosh, you know r, that's a real partisan agenda on the part of either the president or democrats in congress. i think people will say that makes sense because that's what the economy needs right now. so one way or another we'll get through this. do i wish that things were more orderly in washington and rational and people listened to the be
in which case middle class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate, and republicans will have to decide if they are going to block it, which will mean that middle class taxes do go up. i don't think they would want to do that politically, but they may end up doing it. and if all else fails, if republicans do, in fact, decide to block it so that taxes on middle class families do go up on january 1st, then we'll come...
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this year we are reformed from payroll tax and i heard that previous payroll tax hurt job growth and i agreed and propyl vision e was passed this last november and because of proposition e san francisco standards to ads more new private sector jobs and that is a huge success. i want to say supervisor that yes, the technology industry has been growing in san francisco and now includes over one thousand sen hundred companies that employed or 39,000 employees and this is something of which i am proud and i'm also proud that tech s f are training and connecting san francisco residents with diverse backgrounds to get those tech sector jobs, we will train and place over 2,000 san francisco residental in tech jobs over the next five years with our first tech s f graduating class this may. but that is not the whole story. recently economic studies have shown supervisor for every technology job created issue over four additional jobs outside of the tech field are sustained. and a full three quarters of the city's job growth has happened outside of the technology industry. the tourism industry
this year we are reformed from payroll tax and i heard that previous payroll tax hurt job growth and i agreed and propyl vision e was passed this last november and because of proposition e san francisco standards to ads more new private sector jobs and that is a huge success. i want to say supervisor that yes, the technology industry has been growing in san francisco and now includes over one thousand sen hundred companies that employed or 39,000 employees and this is something of which i am...
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none of his proposals to raise taxes on the rich. he has never put any political capital in entitlement reform our tax reform. he'll talk about it here and there. never invested any capital in it. >> any difference of opinion? >> if it is such a trivial amount, the raising of taxes on the wealthy, then why the squealing, the yelling, the hurt feelings of all this plutocrats? my goodness gracious. i will say this -- right now, he is absolutely right. all the political advantage is with the president, but if this thing comes to a complete halt and falls, then there would be political blame across the board, and it will undermine all public confidence in the public sector. >> all political advances with the president? what is he running for? he won. this is his time to actually take some political hits and tell the truth for the change instead of trying to get political advantage. >> all right, a look at war and foreign policy in 2012. >> this time of war began in afghanistan, and this is where it will end. >> afghanistan is now the nat
none of his proposals to raise taxes on the rich. he has never put any political capital in entitlement reform our tax reform. he'll talk about it here and there. never invested any capital in it. >> any difference of opinion? >> if it is such a trivial amount, the raising of taxes on the wealthy, then why the squealing, the yelling, the hurt feelings of all this plutocrats? my goodness gracious. i will say this -- right now, he is absolutely right. all the political advantage is...
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sight between the firmly entrenched republicans and democrats millions of americans stand to see their taxes go up dramatically on new year's day but the sticking point holding up negotiations is the rage for the rich the republicans are rejecting any deal that would see those taxes rise while the democrats insist the wealthy to pay a little more investment advisor patrick young told us the u.s. is heading he thinks towards further recession if he can experiment. i'm really worried going into twenty thirteen i mean ultimately the great thing is that humankind will survive and we will all remain the same people but the problem we have is first of all america seems to be heading suicidally towards this thing the fiscal cliff the possibility that it may enter another leg of recession or possibly even depression as a result of legislators inability to curb their how bit of spending like footballers' wives and then on the other side of the atlantic we also have this problem the european union is getting to the point where it seems to think it's soldiers problems solving your problems means that t
sight between the firmly entrenched republicans and democrats millions of americans stand to see their taxes go up dramatically on new year's day but the sticking point holding up negotiations is the rage for the rich the republicans are rejecting any deal that would see those taxes rise while the democrats insist the wealthy to pay a little more investment advisor patrick young told us the u.s. is heading he thinks towards further recession if he can experiment. i'm really worried going into...
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because you have to add both the obama care tax that's coming and the tax, the disappearing bush tax increase and this hits primarily as you know, small business owners and people who file subchapter s corporations. >> that's not who is primarily hits, it hits some of those people. >> over half of all the small business income that ends up paying this higher rate, if you do it. and the last time we did this, more than two-thirds of the people who got hit, were actually the subchapter s corporation. i think it would have a very significant effect. the other effect it has is that we're not cutting spending because we're spending too much money. and that sends a very bad signal. if we're not going to do entitlement reform, because every time we talk about it obama says let's raise taxes instead. we're dealing with tens of trillions of dollars in unfunded liabilities, in four years obama has done nothing on entitlement reform. nothing for four years. what has he done? chirped about raising taxes on rich people. raising taxes on rich people is what obama talks about instead of doing his j
because you have to add both the obama care tax that's coming and the tax, the disappearing bush tax increase and this hits primarily as you know, small business owners and people who file subchapter s corporations. >> that's not who is primarily hits, it hits some of those people. >> over half of all the small business income that ends up paying this higher rate, if you do it. and the last time we did this, more than two-thirds of the people who got hit, were actually the...
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all the tax cuts including the tax cuts for the wealthy expire on january 1. so that is sort of a short term advantage. these programs, medicare, social security are incredibly popular. cutting them is unpopular. republicans' basic agenda is to cut them. some want to cut them or reform them for totally good reasons that costs are rising over time and as the population ages they take up more and more of the economy and more government spending. they are at a strategic disadvantage which is they want to cut programs that are incredib incredibly popular. anytime you are set against the consensus of public opinion it is a difficult course. you have to acknowledge that reality. as long as obama and democrats have that they will have the leverage as we repeat the negotiations in the decades to come. >> thank you for joining me. stick around we will be speaking with you two later this hour. >>> coming up the republican who is not afraid to stand up to his own party joins us live. what does he make of the sudden turn in the fiscal talks? is there still time to hammer
all the tax cuts including the tax cuts for the wealthy expire on january 1. so that is sort of a short term advantage. these programs, medicare, social security are incredibly popular. cutting them is unpopular. republicans' basic agenda is to cut them. some want to cut them or reform them for totally good reasons that costs are rising over time and as the population ages they take up more and more of the economy and more government spending. they are at a strategic disadvantage which is they...
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, gas taxes sales taxes, you name it. as a result virginia has a job growth rate that is three times that of maryland. virginia has a lower unemployment rate. so you see that contrast and paul, i think in this election, it actually worked to the president's benefit in some of the swing states like o-ohio and virginia and you had the voters in the states experiencing above average growth thanks to the policies of republican governors. >> paul: kim, then you see the alternatives and let me mention one state where democrat gina amando the state treasurer pushed through a terrific pension reform, probably the best in the country, but if you look at other states where the democratic coalition is dominant, illinois, for example, new york state and california, you see a very different policy mix. which direction are they going? >> their policy mixes to mirror what's happening in washington, which is do not address any of your structural spending problems and need to add spending and ask your taxpayers in particular to-- the weal
, gas taxes sales taxes, you name it. as a result virginia has a job growth rate that is three times that of maryland. virginia has a lower unemployment rate. so you see that contrast and paul, i think in this election, it actually worked to the president's benefit in some of the swing states like o-ohio and virginia and you had the voters in the states experiencing above average growth thanks to the policies of republican governors. >> paul: kim, then you see the alternatives and let me...
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democrats republicans tax. cuts. to the opposition slashing the sentences. complete with. a rich. tradition of. being revived in. the party's. i demand satisfaction. knowing. the east be told language the truth cold music programs in documentaries in arabic in school here on the t.v. reporting from the world talks books of v.o.i.p. interviews intriguing stories for you to first choose. the interests of the arabic to find out more visit arabic don't call t.v. don't call. something. lies beneath. thousands of meters of ice and rock. the lab. that is aloof from many. but dangerous even to those who keep it at a distance.
democrats republicans tax. cuts. to the opposition slashing the sentences. complete with. a rich. tradition of. being revived in. the party's. i demand satisfaction. knowing. the east be told language the truth cold music programs in documentaries in arabic in school here on the t.v. reporting from the world talks books of v.o.i.p. interviews intriguing stories for you to first choose. the interests of the arabic to find out more visit arabic don't call t.v. don't call. something. lies beneath....
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brian, no one wants their taxes to go up. we know come tuesday, everyone who gets a paycheck will get less money in it unless a deal is reached. i know you've been talking to people and getting the pulse of the country, what are they saying to you? >> you know, martin, you're right, gallup did a recent poll taking a look at this. let's take a look. the recent poll shows that 68% of americans are saying lawmakers are should compromise in order to reach this fiscal cliff solution. only 22% think those lawmakers need to stick to their guns and not budge. either on tax increases or spending cuts. >> so we know that gridlock has been a big problem and we're seeing more, it appears on this issue. in the end could this result in who has the upper hand in public support? >> that's the game they're playing, is it the republicans to blame or the democrats? president obama has seen an increase in his numbers as they've been going through this. as you saw with dana bash, they're at a standstill, who knows what they're going to do. we ask
brian, no one wants their taxes to go up. we know come tuesday, everyone who gets a paycheck will get less money in it unless a deal is reached. i know you've been talking to people and getting the pulse of the country, what are they saying to you? >> you know, martin, you're right, gallup did a recent poll taking a look at this. let's take a look. the recent poll shows that 68% of americans are saying lawmakers are should compromise in order to reach this fiscal cliff solution. only 22%...
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president company get tax breaks and other business. development projects before they came out with a. different kind of. truck simulators for russian government. drivers needed more training before hitting the road working hand in hand with the company that supplies trucks for the russian military and emergency services ministry takes actual cabins from. hydraulic systems and writes the programming code needed to recreate. according to company. a much greater range of motion and more precisely replicates how. conditions experience. but after a few laps around the training ground even. perform a few tricky maneuvers. but military and truck drivers aren't the only ones that could benefit from more practice behind a fictional wheel before getting out there. also develop. transport drivers. to practice in close to real life conditions. everything one would find in an ambulance. however for the forward thinking. getting the patient is only half the. patient from the starting point. where he can be given medical assistance so the simulator p
president company get tax breaks and other business. development projects before they came out with a. different kind of. truck simulators for russian government. drivers needed more training before hitting the road working hand in hand with the company that supplies trucks for the russian military and emergency services ministry takes actual cabins from. hydraulic systems and writes the programming code needed to recreate. according to company. a much greater range of motion and more precisely...
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take the tax issue -- give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom. everybody is talking about protecting the middle class here. so i think this deal will probably get done around the middle class tax cut. it's at what level. $400,000 or $250,000 or some other number. which is going to be critically important. a lot of people don't realize in a large urban and suburban areas of america, $250,000 doesn't make you rich. have you two kids in college at $60,000. if you're a boomer, you may have a dependent parent of some kind. spending another $20,000 or $25,000 on that. you have to have a definition of what is the middle class.
take the tax issue -- give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a...
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about whether to raise taxes, tax rates on anybody. you're going to begin to see this conversation as the conversation moves forward. the rifts in the democratic party about what programs should be cut and what programs should be saved. and i think that's a little of what you're seeing now. i don't know if it's enough to sort of throw the whole deal out. i think only those folks -- you did hear the folks, senator mcconnell saying i've called my friend joe biden, can he get to the president. it's clear that the democrats are saying that the president is the one who won't -- you know, who doesn't want to put up a counteroffer. so we'll see. >> changes by the hour. >> candy crowley, thank you as always, we'll be in touch. >> all eyes continue to be in washington as the cliff gets closer, the president insists 0 a tax hike for the rich. but the republicans won't budge. something has got to give. a.b. stoddard weighs in. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and
about whether to raise taxes, tax rates on anybody. you're going to begin to see this conversation as the conversation moves forward. the rifts in the democratic party about what programs should be cut and what programs should be saved. and i think that's a little of what you're seeing now. i don't know if it's enough to sort of throw the whole deal out. i think only those folks -- you did hear the folks, senator mcconnell saying i've called my friend joe biden, can he get to the president....
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amt, the alternative minimum tax. a fix so that won't hit 20 million more americans. >> that is exactly right. >> chris: let me focus on the tax rates. that has been the biggest issue in the whole debate. the president wants to extend the tax rates on families making less than $250,000 a year. senator graham is that acceptable or does the threshold for when you start to make the bush tax rates go away does it have to be higher? some people said $400,000 and $500,000. how confident are you that the house which refused to set the mark at a million dollars will pass any tax rate increase? >> if democrats will vote for the deal in the house if they are allowed to vote for whatever the senate passes there will be enough republicans but boehner needs a majority of the republican party. in 2010 we extended all of the tax cuts because the economy was weak. we are not going to extend all of the tax cuts but the economy is weaker. i don't understand the economics but i do understand the politics. the president won. the presiden
amt, the alternative minimum tax. a fix so that won't hit 20 million more americans. >> that is exactly right. >> chris: let me focus on the tax rates. that has been the biggest issue in the whole debate. the president wants to extend the tax rates on families making less than $250,000 a year. senator graham is that acceptable or does the threshold for when you start to make the bush tax rates go away does it have to be higher? some people said $400,000 and $500,000. how confident...
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taxes. if they want to live in america, they should otherwise go back to where they came from. if you have got people just sitting there in the 51%, just sitting without rolling, we need to get them out of the boat. here's the thing, if you have a house and cannot pay your bills, you shut off the cable, the cell phone, you get rid of the excess going to mcdonald's when you do not have the money. we have a spending situation in our government and no one wants to shut it off. the thing about it is the american people want to keep printing money, but there is a day of reckoning coming. when it comes there will be no military and we will have chaos. host -- >> it seems that much of that is focusing on the sequestration budget cuts and the cliff. set to happen and take effect on january 31. other members of other sunday shows -- by the way, we air all of the network's sunday programs on c-span radio. here is what they had to say this morning on "state of the union." [video clip] >> you have to fo
taxes. if they want to live in america, they should otherwise go back to where they came from. if you have got people just sitting there in the 51%, just sitting without rolling, we need to get them out of the boat. here's the thing, if you have a house and cannot pay your bills, you shut off the cable, the cell phone, you get rid of the excess going to mcdonald's when you do not have the money. we have a spending situation in our government and no one wants to shut it off. the thing about it...
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states believed to be involved in the case of ciggy magnitsky a russian lawyer who was charged with tax evasion put in for livery confinement and then died while in custody now siggy magnus his family friends and several few unwise of his ations believe the charges against one of these two were trumped up and that he died in custody from severe beatings these two acts are seen as the latest developments in the ongoing a tit for tat split diplomatic battle which seems to be going on despite the a reset button pushed several years ago. iran's rolling out the big guns in the persian gulf we talk about that soon two rounds of the take you must see maybe drills in the strategic strait of hormuz to show the world what it's got if trouble comes calling. that's the same in a couple of minutes time also two in our series looking back at twenty twelve we focus on the year in syria and what it's meant for its people and the president who failed to bring peace to become the. next pope the egypt's president morsi has made an attempt to ease political tensions in the country calling on the opposition
states believed to be involved in the case of ciggy magnitsky a russian lawyer who was charged with tax evasion put in for livery confinement and then died while in custody now siggy magnus his family friends and several few unwise of his ations believe the charges against one of these two were trumped up and that he died in custody from severe beatings these two acts are seen as the latest developments in the ongoing a tit for tat split diplomatic battle which seems to be going on despite the...
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we need to protect the american families and businesses from this looming tax hike. everyone agrees that that action is necessary. in order to get things moving, i have just spoken with the majority leader. i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. the vice president and i have worked together on solutions before, and i believe we can again. i want my colleagues to know that we'll keep everyone updated. the consequences of this are too high for the american people to be engaged in a political messaging campaign. i'm interested in getting a result here. i was here all day yesterday. as i indicated, we submitted our latest proposal at 7:00 p.m. last night. we're willing to work with whoever, whoever can help. there is no single issue that remains an impossible sticking point. the sticking point appears to be a willingness, an interest or frankly the courage to close the deal. i want everyone to know i'm willing to get this done, but i need a dance partner. mr. reid: mr. president? the presiding officer:
we need to protect the american families and businesses from this looming tax hike. everyone agrees that that action is necessary. in order to get things moving, i have just spoken with the majority leader. i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. the vice president and i have worked together on solutions before, and i believe we can again. i want my colleagues to know that we'll keep everyone updated. the consequences of this...
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we had a series of tax cuts that are expiring. if we let them expire, it means there will be a huge tax cut, mostly hitting the middle class and the working poor. and the upper incomes, the people in that category have done so well that even they say they would have to talk to their accountant before they even knew there was any impact on their tax bill. so we can come together now, the president's favored limit would be 250 thiewts meaning -- 250 thoots, meaning -- $250,000, everybody up to $250,000 gets a tax break, 100% of the people. those with higher incomes would go back to the tax rates that prevailed when bill clinton was president. why the other side, you know, is horrified by that is perplexing to me. because i look back at the clint era, i was here. that's a long time ago. i was here. i came to the senate. with senator feinstein when bill clinton was president and he faced similar issues in that we had a deficit that was getting out of control, a debt that was getting out of control. we needed to have growth, and so he
we had a series of tax cuts that are expiring. if we let them expire, it means there will be a huge tax cut, mostly hitting the middle class and the working poor. and the upper incomes, the people in that category have done so well that even they say they would have to talk to their accountant before they even knew there was any impact on their tax bill. so we can come together now, the president's favored limit would be 250 thiewts meaning -- 250 thoots, meaning -- $250,000, everybody up to...